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Property Detail

Florida Boulevard
1253 Florida Street is an 11,500-square-foot industrial flex building .
$200,000

Description

1253 Florida Street is an 11,500-square-foot industrial flex building currently operating as a Greyhound station, located in Baton Rouge, Louisiana. Sitting on a 1.34-acre lot, the property offers gated parking for eight buses, 37 regular parking spaces, a well-lit parking lot, and prominent building and pylon signage. The site provides two dedicated ingress/egress points for buses and two additional points for visitors, ensuring efficient traffic flow for both public and private use. The single-story building features a canopied boarding area for eight buses, a dining area, a kitchen, a game room, and more. Greyhound has been a tenant for over 20 years and is on an NNN lease through October 2029, presenting investors with a low-maintenance, hands-off asset.

The Greyhound station is located less than a mile from Downtown Baton Rouge and enjoys prime access to Interstate 110, a north-south auxiliary highway, and Interstate 10, a key transportation route connecting Baton Rouge to New Orleans and Houston. This central location also benefits from a strong local economy. The population within a 5-mile radius is 153,850, with an annual consumer spending of $1.5 billion. The property is just 3 miles from Louisiana State University (LSU), which has an enrollment of over 37,000 students and supports an additional 5,000 staff, further boosting the local economy and consumer base. In addition, Baton Rouge welcomes nearly 3 million visitors annually, drawn by its blend of history and culture. Demand drivers to the area include the Louisiana State Capitol, various museums, LSU, and the bustling arts and culinary scenes. The city's proximity to the Mississippi River and major events and festivals make it a popular destination.

Baton Rouge is a top-tier business location with one of the nation’s lowest costs of doing business. The city’s strategic location offers access to the Port of Greater Baton Rouge, Class I railroads, two major highways, and the Baton Rouge Metropolitan Airport. The area supports a mix of established industries, including petrochemicals, logistics, and agribusiness, while also attracting emerging sectors like renewables, life sciences, and software. With favorable tax incentives and access to key infrastructure, 1253 Florida Street presents an outstanding investment opportunity in one of the most dynamic markets in the Southeast. Take advantage of this unique chance to acquire a well-positioned, income-generating asset with long-term potential.

 

Greyhound Station

Listing ID : 00535

SKU: 535

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Price History

DateEventPrice
December 2 2024Listed$200,000.00